(CNN, KYMA/KECY) – Bitcoin has reached a new record high. The world’s largest cryptocurrency briefly touched $80,000 for the primary time Sunday.
Bitcoin surged within the run-up to Tuesday’s election and surged as soon as it turned clear Donald Trump would win.
It has since continued to rise following the president-elect’s victory, which traders imagine is a bullish signal for the crypto trade.
Trump has totally embraced crypto in latest months and mentioned he desires it to be mined and minted within the U.S. He has additionally proposed to launch a strategic nationwide bitcoin stockpile.
Trump’s embrace of crypto is in distinction to the Biden administration, which has sought to rein in crypto.
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